Chinese personalized news app Toutiao, backed by Sequoia Capital, Weibo and SIG China, has acquired U.S.-based video sharing platform Flipagram to expand its video content and grow its U.S. market presence.
Toutiao, a Chinese personalized news app backed by Sequoia Capita, has hired former assistant managing director of Microsoft Research Asia Ma Wei-Ying as vice president to manage its artificial intelligence lab, according to Chinese media reports.
Sequoia Capital and CCB International, an investment unit of China Construction Bank Co., have led a series D investment of around US$1 billion in Chinese personalized news recommendation app operator Toutiao. While exact figures are not yet available, the deal would make Toutiao China’s biggest media company in terms of valuation.
Chinese personalized news recommendation app operator Toutiao is reported to have raised a new funding round of over US$2 billion, led by American private equity firm General Atlantic.
Chinese personalized news app Toutiao has injected US$50 million in Live.me, a popular live streaming platform among young adults in the U.S. and a unit of Chinese mobile Internet company Cheetah Mobile Inc.
Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has agreed to acquire China’s lip-synching video app Musical.ly.
Yidian Zixun, a Chinese personalized news feed mobile app backed by New York-listed Phoenix New Media, has finalized a US$112.1 million financing round from Long De Cheng Zhang Culture Communication (Tianjin) Co., Ltd., a Chinese government guidance fund, and two unnamed investors.
Chinese tech giant Baidu Inc., Alibaba’s financial affiliate Ant Financial and Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, have been summoned to answer question by China’s Ministry of Industry and Information Technology as they have failed to fully disclose the collection of personal data from users of their mobile apps, according to the government’s website.
Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has announced a content partnership with U.S. social news and entertainment company BuzzFeed. Under the agreement, BuzzFeed’s content will become available to users of Bytedance’s various platforms including Toutiao, TopBuzz, and Xigua Video in China, Japan and other parts of the world.
Beijing Bytedance Telecommunications Co., Ltd., the operator of personalized news app Toutiao, has sued China’s largest search engine Baidu Inc. for unfair competition, claiming Baidu deliberately places negative news about Toutiao in top search results, according to a Toutiao WeChat post Monday night.
China’s largest news app Toutiao has reportedly acquired augmented reality-based selfie app Faceu for US$300 million, as the personalized recommendation news platform continues to expand its business scope.